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Levine Leichtman Capital Partners sells Pacific Handy Cutter

Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company Safety Products Holdings, LLC, the parent company of Pacific Handy Cutter (PHC), to Bertram Capital.

PHC is the leading supplier of specialised safety cutting tools and replacement blades to a diverse range of end markets. The Company is a recognised leader in the industrial safety market for standardising the method of opening packaging and providing products that are engineered to eliminate workplace injuries, reduce damaged merchandise and improve employee productivity. PHC was founded in 1950 and is headquartered in Irvine, California.

Matthew Frankel, Managing Partner of LLCP, says: “The investment in PHC has been extremely successful for LLCP and the Company’s management team. Since our initial investment in 2016, we executed two transformational acquisitions, vertically integrated the Company’s manufacturing processes and expanded into new end markets and geographies. We are excited to see PHC continue to execute on its growth plan and wish the company continued success in the future.”

Mark Marinovich, President and CEO of PHC, says: “It has been a true pleasure partnering with the LLCP team through this time of unprecedented growth and transformation. We have appreciated their support in advancing our strategic initiatives and have benefitted significantly from the collaboration.”

Lincoln International served as the lead financial advisor, with support from Houlihan Lokey, and Honigman LLP served as legal counsel to PHC in connection with the sale.

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